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Finlon Upholstery, Inc., uses a job$-$order costing system to accumulate manufacturing costs. The company"s work$-$in$-$

process on December $31\mathrm{.}20$x$1,$ consisted of one job $($no$.2077),$ which was carried on the year$-$end balance sheet at

$$156,800.$ There was no finished$-$goods inventory on this date.

Finlon applies manufacturing overhead to production on the basis of direct$-$labor cost. $($The budgeted direct$-$labor cost is

the company's practical capacity, in terms of direct$-$labor hours, multiplied by the budgeted direct$-$labor rate.$)$ Budgeted

totals for $202$ for direct labor and manufacturing overhead are $$4,200,000$ and $$5,544,000,$ respectively. Actual results

for the year follow.

Job no$.2077$ was completed in January $20$x$2$; there was no work in process at year$-$end. All jobs produced during $202$

were sold with the exception of job no$.2143,$ which contained direct$-$material costs of $$154,000$ and direct$-$labor charges

of $$85,000.$ The company charges any under$-$ or overapplied overhead to Cost of Goods Sold.

Compute the amount that the company would disclose as finished$-$goods inventory on the December $31,202,$ balance sheet.

Answer is complete but not entirely correct.